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ILFC Gets Help With Fleet

Firm Acquires Parts-Management Company to Aid in Maintaining Aging Planes

August 3, 2011

International Lease Finance Corp., the aircraft-leasing arm of American International Group Inc., is acquiring an airplane-parts management company to expand its business and help deal with the significant number of aging aircraft in its portfolio.

ILFC on Tuesday reached a deal to acquire Miami-based AeroTurbine Inc. from Dutch jet-leasing firm AerCap Holdings NV, which has owned the company since 2006. ILFC will pay $228 million cash for the business, AerCap said Wednesday.